What does Circular Economy mean?
Circular economy is all about keeping materials and products in the economic circuit with the highest possible value as long as possible. Circular economy breaks with the idea of a linear value chain that starts with the extraction of resources and ends up as waste. The circular economy opens the possibility that the resources that would otherwise have ended as waste can go back one or more steps in the value chain and be included in the production again. Or they can be included as an input in a completely new circuit.
In 2015, the EU adopted an ambitious Circular Economy Action Plan, which includes measures that will help stimulate Europe’s transition towards a more circular economy. The New Green Deal has put Circular Economy into the center of Europe’s transition to a greener, carbon neutral economy in the future.